BALA CYNWYD, Pa., June 16, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Micronetics,
Inc. ("Micronetics" or the "Company") (Nasdaq- NOIZ) relating to
the proposed acquisition by Mercury Computer Systems.
("Mercury").
Under the terms of the transaction, Micronetics shareholders
will receive only $14.80 in cash for
each of Micronetics stock they own. The investigation concerns
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Micronetics for not acting in the
Company's shareholders' best interests in connection with the sale
process to Mercury. The Board of Directors may have failed to
adequately shop the Company resulting in harm to the Micronetics
shareholders.
If you own shares of Micronetics stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/439-noiz-micronetics-inc.html, or by
calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC